Development of better capabilities and competencies

Question

Illustrates the development of better capabilities and competencies?

Answer 1

Leading the development of better capabilities and competencies are as given below:

1. A third way to operating excellence and enhanced strategy execution is proactively strengthening organizational competitive capabilities and competencies.

2. This often needs top management intervention.

3. Aside from leading efforts to make stronger obtainable capabilities and competencies, efficient strategy leaders try to foresee alterations in consumer-market needs and proactively make new capabilities and competencies that present a competitive edge over rivals.

4. Proactively building new capabilities and competences forward of rivals to increase a competitive edge is strategic leadership of the best type, but strengthening the organization’s resource base in response to recently developed capabilities of pioneering rivals arises more frequently.